The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-08-04
In the House.

In the House today the special order was
the following:
/. a bill to be entitled an oct to create
a sinking fund to pay off and retire the
bonds of the State as they mature, by au-
thoriZjng tho levy ard collection OF tax
therefor, and for other purposes,
. A bill 70 be entitled an act 80 authorize
the Governor of this State to issue bonds of
the State to an amourtnot to exceed 81 800
0Ao, and negotiate the same FOR the purpose
OF raising money with which tn pay Off an
amount of the public debt which falls due
Jan. i, 1889, not otherwise provided for and
for other purposes connected Herewith.
The above are titles of the substitutes re-
ported by the Finance Committee for the
bills referred TO them and already outlined
in the News.
CAPT. GORDON EXPLAINS.
Mr. Gordon, Chairman OF the Finance
Committee, explained the object Of the sub
stitutes reported, one of which was to carry
out the requirements of the constitution in
regard to the raising by taxation of Sl0O,0O0
annually as sinking fund. The commit
tee had determined to report two bills instead
of one, one OF which provided only for q
sinking fund, and the other for funding by
the issuing of new bonds Mr. Gordon also
explained the advantages of the sinking
fund in approaching the credit OF the State,
as shown by the negotiation of former
bonds, resulting in a reduction of the rate
of interest from and 8 to AZ per cent.
ENDORSED UNANIMOUSLY.
Mr. Clay, of Cobb, said both bills were
the unanimous report of the Finance Com
mittee He stated the sums and times at
which tho bonds proposed to be paid would
fall due. The committee were unanimously
OF the opinion that it was the duty of tho
Legislature to raise $4,000 as c sinking
fund by taxation until the entire bonded
debt is paid.
The House went into committee of the
whole and reported bills back favorably,
and they were passed without objection.
THE LUNATIC ASYLUM.
Mr.. Kenan, of Baldwin, offered a resolu-
ton reciting that whereas, there are in the
lunatic asylum patients well enough to be
discharged, but who have been detained
because of the forms of tho commitment,
and whereas there are complaints Of a de-
ficiency of good water at the asylum, there
fore resolved, that a committee be appoint
cd to visit the asylum and report upon
these and other matters. The resolution
was adopted and the Speaker appointed the
committee as follows: Messrs. kenan, Fol
ton of Barlow, Brown of Cherokee III m
phreys of Brooks and Arnheim of Dough-
orty.
The following bills passed:
For the relief of the Mutual Reserve Fund
Life Association of New York.
Changing the time Of holding Superior
Courts in Quitman and Clay counties.
MORE NEW BILLS
The following new bills were introduced:
To change the time of holding the Superior
Court in Jasper county
To incorporate the town of Cornelia in
Habersham county.
To incorporate the Progress Loan and
Improvement and Manufacturing Com
pany, of Bib county.
The Committee on Labor reported favor
ably the bill to establish bureau of labor
and industrial statistics.
The COMMITTEES on Agriculture reported
adversely the bill to elect the Commissioner
of Agriculture by popular vote.